Nonprofit · EIN 27-4672527
HERITAGE CORPORATION OF LORIS
Also known as Watson's Place
Tax-exempt · LORIS, SC 29569
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $154,320 | $264,768 | -$110,448 | $2,268,796 | $3,355,954 | -$1,087,158 |
| December 31, 2023 | 990 | $161,903 | $284,267 | -$122,364 | $2,369,297 | $3,346,007 | -$976,710 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $54,550
- of which government grants
- $54,550
- Program service revenue
- $98,722
- Investment income
- $20
- Other revenue
- $1,028
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $5,400
- Occupancy
- $59,420
- Depreciation
- $94,073
- Program services (functional)
- $259,098
- Management and general (functional)
- $5,670
Balance sheet and other
- Total assets, start of year
- $2,369,297
- Total assets, end of year
- $2,268,796
- Total liabilities, end of year
- $3,355,954
- Net assets, end of year
- -$1,087,158
- Land, buildings and equipment
- $2,062,575
- Net assets without donor restrictions
- -$1,087,158
- Gross receipts
- $154,320
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2011
- State of legal domicile
- SC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAURICE JONES | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CHARLES BOYD POWELL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| LINDA HEMINGWAY | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| LESLIE H MCIVER | DIRECTOR Trustee or director | 1 | $0 |
| NATHEL MOODY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAURICE JONES | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CHARLES BOYD POWELL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| LINDA HEMINGWAY | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| LESLIE H MCIVER | DIRECTOR Trustee or director | 1 | $0 |
| NATHEL MOODY | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4525 CANAL ST, LORIS, SC 29569-2301
- In care of
- % LANDURA MANAGEMENT
- Mailing address (990-N for 2012)
- PO Box 25088, Winston Salem NC 27114
- Principal officer (990 for 2024)
- MAURICE JONES, 4525 CANAL STREET, LORIS, SC 29569
- Principal officer (990-N for 2012)
- Maurice Jones, 2213 N Main Street, Conway SC 29526
- Signed the 990
- MAURICE JONES, PRESIDENT
- Phone
- (336) 760-8100
- Return prepared by
- BERNARD ROBINSON & COMPANY LLP
Mission
TO PROVIDE ELDERLY AND DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.
Program accomplishments
- THE ORGANIZATION OPERATES A 28-UNIT APARTMENT COMPLEX UNDER SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959. THE PROJECT IS LOCATED IN LORIS, SOUTH CAROLINA AND IS REGULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") AS TO RENTAL RATES AND OPERATING METHODS. ADDITIONALLY, UNITS IN THE PROJECT ARE COVERED UNDER A PROJECT RENTAL ASSISTANCE CONTRACT WITH HUD AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD.Expenses $259,098 · revenue $99,750
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-4672527
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $2,268,796
- Income (IRS master file)
- $154,320
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $154,320 | $264,768 | $2,268,796 | XML |
| 990 | December 2023 | $161,903 | $284,267 | $2,369,297 | XML |
| 990 | December 2022 | $148,401 | $251,455 | $2,481,514 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2012 Officer: Maurice Jones | December 31, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-4672527).
Questions about HERITAGE CORPORATION OF LORIS
- What is the EIN of HERITAGE CORPORATION OF LORIS?
- The employer identification number (EIN) of HERITAGE CORPORATION OF LORIS is 27-4672527.
- Is HERITAGE CORPORATION OF LORIS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to HERITAGE CORPORATION OF LORIS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HERITAGE CORPORATION OF LORIS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HERITAGE CORPORATION OF LORIS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HERITAGE CORPORATION OF LORIS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HERITAGE CORPORATION OF LORIS?
- The 990 for the year ended December 31, 2024 names MAURICE JONES.
- Who are the officers and directors of HERITAGE CORPORATION OF LORIS?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does HERITAGE CORPORATION OF LORIS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $154,320, expenses of $264,768 and total assets of $2,268,796 at year end.
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